Join us for a Policy@UBC and CIRDI seminar series event titled Can environmental regulation make extractive indus tries more innovative? with John Steen\, Associate Professor in Strate gy at the University of Queensland Business School in Brisbane.
12:30 pm – 1
:45 pm
Caseroom – Liu Institute for Global Issues
No RSVP require
d. Light refreshments offered.
Please download our poster.
Industry leaders o ften identify environmental regulations as a burden that makes their enterp rises uncompetitive but an alternate view is that well-designed environment al protection policies can encourage businesses to be more innovative. Thes e new products and processes in response to regulation can lead to renewed industrial competitiveness and growth.
In this presentation I will ou tline the "Porter Hypothesis" for the relationship between proactive enviro nmental policy and industry competitiveness. Using data collected in the re cent $200 billion expansion of the Australian oil and gas industry I provid e evidence that this relationship does indeed hold but it is highly depende nt on the maturity of the industry and its stage of technological developme nt. Specific examples of innovation in response to regulation within the mi ning and hydrocarbon industries further highlight the important role of reg ulatory frameworks in the development of these industries.
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Bi o: John Steen is Associate Professor in Strategy at the University of Queensland Business School in Brisbane and Senior Research Fellow at th e Australian Institute of Business and Economics. John is currently leading major international research studies on the subject of innovation and sust ainable development in the resources sector and in developing economies. Th is includes the transition to new digital business models and performance i n megacapital ($1billion +) projects\, particularly in the resources sector . Current partners in these projects include University College London\, Ca mbridge University\, University of British Columbia\, Government of Vietnam \, Queensland Government\, UQ Sustainable Minerals Institute and Ernst and Young (EY). John is highly sought after as a guest speaker and commentator and has given talks on strategy and innovation to businesses and government s in Australia\, Asia and Europe. In 2014 he released two reports on the fu ture of the global mining industry with EY that received international medi a coverage\, including commentary in the Wall Street Journal and Financial Times. John is currently editor for the Project Management Journal – the re search journal of the Project Management Institute.
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